Project Development and Funding
Houston LISC provides grants, recoverable grants and loans to community development corporations (CDCs) for neighborhood redevelopment such as single-family homes, multi-family rental housing and commercial centers. Projects may be new construction or rehab. LISC funds, in many instances, are matched with other private and/or government funds to complete a project.
Specifically, we underwrite neighborhood-based real estate projects to determine financing feasibility. We assess market need or demand, and organizational capacity to complete the project. When the organization and project economics are proven viable, we offer critical, early stage funding to further substantiate feasibility. Additionally, LISC provides low-cost development financing often needed to fill a project’s funding requirement.
For additional information, please contact Paul Wright at pwright@lisc.org or 713.334.5700, ext 13.
LISC’s predevelopment and development financing is called “gap” funding. It is an attractive risk mitigation and inducement for lender participation in community development projects.